An Archive of Impeccable Accounting Answers : Page - 33

Earnings-based vs. Cash Flow-based Valuation Models a) Discuss. “Earnings-based valuation models are affected by (i) arbitrary accounting choices such as the choice of depreciation policy; (ii) understatement of intangible assets caused by the regulatory framework. Therefore cash flow based valuation methods are more reliable”. b) What are the disadvantages of the DDM (dividend discount model), compared to the other valuation mode...

PromptOne of the measures of success for any business is profitability. Managers and business owners must be able to assess the profitability of a company using information about its financial transactions: This is done through accounting. By working through the accounting cycle, you will understand how to organize transactions in a way that communicates the financial position of a company. This information is critical for external stakehold...

OrganizationOil Pipeline Software (OPS) delivers pipeline integrity management software and services to midstream pipeline operators. Pipeline operators utilize OPS’ software and services to manage and navigate the regulatory compliance required by the Department of Transportation. OPS was founded as a purely software company in 1992 and for the first 15 years of its life, it was solely focused on selling software products (Exhibit 1: ...

Question: Explain the nature & purpose of financial accounting Record transactions and prepare a Trial Balance using the double entry accounting system Prepare basic financial statements from Trial Balance and Incomplete Records Prepare bank reconciliations Prepare sales ledger and purchase ledger accounts and reconciliations To promote your business, you have agreed to prepare a report for your local Chamber of Commerce.  The ai...

Introduction to Payment Lawn ServiceDave Payment formed a lawn service business, Payment Lawn Service, as a summer job.To start the business on May 1, he deposited $2,500 in a new bank account in the name of the proprietorship. The $2,500 consisted of a $2,000 loan from his father and $500 of his own money, so Dave invested $500 of capital in the business.Dave rented lawn equipment, purchased supplies, and hired high school students to mow and t...

Part A: Financial Statement AnalysisThe following information relates to Harris Corporation. Account Current year Prior year Net sales (all credit) $520,125 $499,500 Cost of goods sold $375,960 $353,600 Gross profit $144,165 $145,900 Income from operations $ 95,500 $ 79,900 Interest expense $ 23,500 $ 19,500 Net income $ 57,600 $ 51,600 Cash $ 30,600 $ 15,900 Accounts receivable, net $ 33,800 $ 23,200 Inventory $ 42,000 $ 30,300 P...

What are life annuities and how do they protect against the risk of living too long?1. Explain, in a sentence or two, how life annuities can protect a person against the risk “of living too long.”2. Briefly explain what the word “term” in term certainty annuity refers to.3. Briefly explain why term annuities do not require a guarantee clause but life annuities do.4. Briefly explain the difference between an installment re...

Course Code   :  BS1054

Course Title   :  Accounting for Managers

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Background InformationTask: You are required to read the following case study then prepare the report requested.Case Study In 1975, Graham Sun started up in business in the UK selling quality, hand-made wooden garden benches. The products were in great demand and within a year Graham had expanded his product range to include a set comprising a table and chairs. In 1985 Graham incorporated his business and has been trading since then as Sunny H...

Course Code   :  ACT5001

Course Title   :  introductory accounting

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Problem 1Malakai Company had the following unadjusted account balances at the end of 2018. Note: The given Retained Earnings balance does not include the affects of income for the period. )           Cash $20,800     Accounts Receivable 7,400     Prepaid Rent 5,000     Equipment...

Choose a publicly-traded company to analyzeFor this assignment, you will attempt to justify the market value of a publicly-traded organization by investigating the asset value of the company. Use the models above (theoretical market value and the current market value model) to obtain an estimated value of the organizations’ assets. You have been requested by the public company you choose to prepare a comprehensive report that fairly eval...

Extenuating CircumstancesIf there are any exceptional circumstances that may have affected your ability to undertake or submit this assignment, make sure you contact the Advice Centre on your campus prior to your submission deadline. The University operates a fit to sit policy whereby you, in submitting or presenting yourself for an assessment, are declaring that you are fit to sit the assessment.  You cannot subsequently claim that ...

Question 1 of 50Director of Studies or Student Adviser on behalf of the student, no later than five working days after the published (or extended) submission deadline for the assessment task or the date on which an examination was held. The cost of information explains why: a)Markets are not completely efficient. b)There tends to be an upward bias to prices. c)Arbitrageurs cannot exploit pricing anomalies. Which of the following is le...

Year-End Adjustmentsa.Prepare the journal entries for year-end adjustments, including the following: amortization of capital assets accruals of receivables and payables, including the GST rebateadjustments to deferred contributions (capital asset and operating) transfer of internally restricted net assets For these entries, prepare each adjusting entry in Excel, showing your calculations and providing a description of the entry, then record the ...

Question: The Task:  Students have been allocated a company – normally a corporate member of the United Nations Global Compact initiative, and been asked to critically analyse the company’s reporting on its corporate responsibility and sustainability activities and impact. Students are asked to undertake this critical analysis with reference to Global Reporting Initiative metrics (using WikiRate), the UN Global Compact 10 Prin...

Course Code   :  ACC650

Course Title   :  managerial accounting

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Task 1: Aloha Hotels and Resorts1.The following partial organization chart is an extension of Exhibit 12–1 for Aloha Hotels and Resorts.  Each of the hotel’s five main departments is managed by a director (e.g., director of hospitality). The Front Desk subunit, which is supervised by the front desk manager, handles the hotel’s reservations, room assignments, guest payments, and key control. The Bell Staff, managed by ...